Shares of Relaxo Footwears Ltd climbed 6.5% on Tuesday on the National Stock Exchange, touching a new 52-week high. The Relaxo stock is around 35% higher than its pre-covid highs seen in February 2020. On the other hand, shares of Bata India Ltd have declined by 18% from its pre-covid highs. Ltd, said: “Negligible presence in shopping malls is one reason why Relaxo stock has outperformed that of Bata India. The only hitch is that the sharp run in Relaxo’s shares leave little room for significant upsides.

Source: Mint May 25, 2021 19:18 UTC